Dexterra Group (TSE:DXT) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Dexterra Group Inc. (TSE:DXT) stock price recently crossed above its 200-day moving average, trading at C$9.18 after reaching a high of C$9.36.
• A number of analysts have updated their ratings, with Scotiabank setting a hold rating and a C$11.50 price target, while National Bankshares and ATB Capital have given outperform ratings with targets of C$14.00 and C$11.75, respectively.
• The company has a market capitalization of C$570.83 million and is noted for its moderate buy consensus with a price target of C$12.06.

Dexterra Group Inc. (TSE:DXT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.82 and traded as high as C$9.36. Dexterra Group shares last traded at C$9.18, with a volume of 213,242 shares.

Analyst Ratings Changes

A number of equities analysts have commented on DXT shares. Scotiabank set a C$11.50 price objective on shares of Dexterra Group and gave the stock a "hold" rating in a research note on Tuesday, September 9th. National Bankshares lifted their price objective on shares of Dexterra Group from C$13.00 to C$14.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, ATB Capital lifted their price objective on shares of Dexterra Group from C$10.75 to C$11.75 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$12.06.

Dexterra Group Stock Performance

The company has a current ratio of 1.46, a quick ratio of 1.28 and a debt-to-equity ratio of 42.46. The business's 50 day moving average is C$9.67 and its 200 day moving average is C$8.82. The stock has a market capitalization of C$570.83 million, a PE ratio of 16.39, a PEG ratio of 0.90 and a beta of 0.27.

Dexterra Group Company Profile

Dexterra Group is a publicly listed corporation delivering a range of support services for the creation, management, and operation of infrastructure across Canada. Powered by people, we bring best-in-class regional expertise to every challenge and deliver innovative solutions, giving clients confidence in their day-to-day operations.

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